Business
Jaltech co-founder Gaurav Nair shared his insight into regulated cryptocurrency products, the first of its kind in South Africa. It has been the Achilles heel of all financial advisers in recent months, with the rise in popularity of crypto. However, the financial services watchdog in South Africa – the FSCA – has stated on several occasions that the asset class is not regulated in South Africa. Although, it has announced its intentions for this to change in time. Jaltech has created a financial instrument that gives investors exposure to either bitcoin, ether or a diversified basket of cryptocurrencies in a regulated environment, a solution to a problem faced by many financial advisers. The rest of the details and fees are outlined during the conversation.